SEC Tackles Former NFL Player

The Securities and Exchange Commission has charged Dwight Sean Jones, a former NFL player turned investment advisor, with failing to allow commission staff to examine his business records.

The SEC's Division of Enforcement charged that Jones refused to produce the business records for his advisory firm, Amaroq Asset Management, or allow them to be examined. Jones said that all his records had either been destroyed in a fire or sold by his storage company.

At one point Jones claimed to manage more than $40 million for his clients, most of them athletes. Before he started his career as an investment advisor, Jones played for the Los Angeles Raiders, the Green Bay Packers and the Houston Oilers from 1984 to 1997.

According to the SEC, Jones claimed that Amoroq went out of business in 2004, but he maintained the firm's Web site until mid-2007 while publicizing Amoroq's wealth management programs.